Ireland Is Back In Recession – It’s Official

22 Mar
According to the preliminary figures released by the CSO (Central Statistics Office), Ireland has fallen back into recession.
The country’s GDP declined by 0.2% over the fourth quarter of 2011, the fourth consecutive quarterly decline and technically is two consecutive quarterly declines in GDP. The figures are subject to revision but if they remain unaltered it means Ireland joins Belgium, Greece, Italy, the Netherlands, Portugal and Slovenia in recession.
The concern being that this could ignite fears over the Eurozone and the fragile state of global growth, leading to negative sentiment, a decline in markets and global prosperity. Let’s hope for some further good news which could offset the growing negative sentiment.
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